The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
Swedishs central bank is egative territory. Possible for us to go to zero. This episode is over. The house takes a historic vote to impeach President Trump. Karl 2 is adopted. This is an incredibly divided time in congress. As 2019 comes to a close, investors share a perspective on the state of the global economy. The growth trend is in place for 2020. You really do have too much money piled into yielding assets. I think what were doing is borrowing from the future and will end badly. Its all straight ahead on bloombergs best. Hello and welcome. This is bloomberg best. Interviews and analogies around the world. Lets start with a day by day look at the top headlines. Investors began the week in a risk on mood thanks to a dose of positive news on the trade front. The u. S. And china reaching the must anticipated phase one of the trade deal. The two sides expected to release the full agreement in early january. The deal involve as reduction in tariffs in exchange for more chinese purchase
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